Inventories

12 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are composed of the following:

(In millions)	December 30, 2023		December 31, 2022
Finished goods	$	1,072	$	991
Work in process	1,736		1,540
Raw materials and components	1,106		1,019
Total	$	3,914	$	3,550

At December 30, 2023, 68% of inventories were valued using the LIFO method, compared with 71% at December 31, 2022. Inventories valued at LIFO cost would have been higher by approximately $701 million and $594 million, at December 30, 2023 and December 31, 2022, respectively, if they had been valued using the FIFO method.